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Strategic Sourcing Consultant 3
at Wells Fargo
At Wells Fargo, we want to satisfy our customers’ financial needs and help them succeed financially. We’re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you’ll feel valued and inspired to contribute your unique skills and experience.
Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Enterprise Finance drives financial management for the company and maintains and enhances risk and financial controls. Key functions within Enterprise Finance include finance and accounting; Treasury; corporate development, mergers, and acquisitions; Data Management and Insights, the Customer Remediation Center of Excellence, Enterprise Shared Services, Business Process Management, and Corporate Strategy. Enterprise Finance informs shareholders, regulators, taxing authorities, team members, and leaders of the company’s financial performance through earnings releases, investor meetings and conferences, and meetings with regulators and credit rating agencies, following appropriate reporting guidelines. They also maintain and enhance risk and financial controls and lead many of the company’s shared services functions including corporate properties, security, and global services.
Wells Fargo is currently seeking a Senior Strategic Sourcing consultant (SSC3) supporting Corporate Properties and Wells Fargo Technology with a focus on strategic sourcing and negotiations. This person will work with leaders within Corporate Properties and Wells Fargo Technology to determine the long-term needs and applicable supply/service strategies impacting the entire enterprise. This individual may work across multiple spend categories developing Strategic Sourcing strategies and lead contract negotiations for high risk products and/or services, and suppliers who have significant strategic business impacts. They will be accountable for category savings targets for multiple categories and supplier performance measurements and partner with business groups to issue/evaluate RFx opportunities.
The Strategic Sourcing Group within the Supply Chain Management organization creates and implements end-to-end sourcing and procurement solutions that provide sustainable expense reductions, streamline processes, and reduce vendor contract risk in support of line of business and enterprise objectives.
Works with key stakeholders (senior leaders) across the LOB or enterprise to determine the long-term needs and applicable supply/service strategies. Represents and advocates SCM strategies and goals in cross-enterprise initiatives and teams. Leads the development of deal strategies for complex engagements. Leads strategic and acquisition-related sourcing and contracting activities or enterprise expense reduction initiatives. Partners with business groups to issue/evaluate RFx opportunities. Accountable for category savings targets for multiple categories and supplier performance measurements.
Manages suppliers and relationships from a life-cycle perspective with a focus on reducing cost/spend, increasing customer satisfaction, and maximizing business impact. Establishes e-business (procure-to-pay.
The key responsibilities are:
- Developing and implementing business strategy
- Manages spend categories and develops supply chain strategies for high risk and highly regulated, products, services, and suppliers who have significant strategic business impacts
- Evaluates company purchasing patterns and forecasts trends
- Reviews and approves pricing against benchmarks
- Conduct gap analysis between WF master contract terms and proposed contract terms.
- Works with management and key stakeholders to determine the long-term needs and applicable supply and service strategies
- Leads structured analysis of supplier industry, economics, and market conditions
- Partners with business groups to coordinate, run, issue, and evaluate sourcing events (RFPs, RFQs, etc.)
- In collaboration with senior business stakeholders, determines negotiation strategy and controls all aspects of sourcing and contracts negotiations
- Customizes legal language and drafts non-standard contract terms and conditions
- Establishes e-business (procure-to-pay), diversity, environmental and supply chain cost reduction strategies to continually improve category effectiveness and efficiencies
- Identifies and drives Total Cost of Ownership (TCO) process improvements to reduce costs
- Proactively identifies and escalates risk-related issues and presents resolution options
- Accountable cost saving and avoidance targets for multiple categories and supplier performance measurements
- Develops & delivers management reporting
- May provide management or direction to other Strategic Sourcing Consultants
Other Desired Qualifications
- Ability to project manage deals, including legal, financial and stakeholder reviews.
- Experience sourcing, negotiating and contracting in information technology space includes knowledge of hardware, software, SaaS, and hosted solutions.
- Large strategic sourcing deal experience (multi-millions)
- Experience working in a large, highly regulated organization, preferably financial services
- Extreme proficiency in negotiation strategy and tactics as well as a comprehensive understanding of sourcing methodology
- Ability to work with minimal supervision and demonstrated experience in driving deals to closure.
All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.